Managed Data Center Cost Reduction Grant Program

About the Program:

The Managed Data Center Cost Reduction Program reduction of the
utility cost for electrical and/or broadband for the recruitment/growth
of managed data centers of sufficient redundancy. In exchange for
providing these reductions in costs, the applicant shall have contracted
with the business to receive direct benefits and indirect economic
development benefits including a specific amount of capital investment
from business, specific minimum payroll created by the business, the
provision of discounted IT services, and an agreement with the business
to pay all funds should the business not meet the aforementioned
requirements and/or if the business ceases to do operations or relocates
out of the political subdivision prior to five years.

The grant amount is based on how much capital investment and payroll and
payroll the business will realize over five years. The maximum grant
award is $2,250,000. For each grant amount, the business must create a
match of at least 125% of the grant amount in payroll and capital
expenditure with the caveat that 50% of the match will be in payroll
creation. Payroll must be greater than 150% of the county's median wage.